EM
BankruptcySummary
The KBO register records for EM the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2015 annual accounts show negative equity (€-3.71M) and a net result of €-158k.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2015 was due by 30-04-2016 and was filed on 26-10-2015, 187 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2015, abbreviated schema
Equity
€-3.71M▼ 4.4%
2014 · €-3.55M
2011: €170k
2012: €171k▲ +0.7% vs 2011highest in 5 years
2013: €-3.23M▼ -1987% vs 2012
2014: €-3.55M▼ -10.1% vs 2013
2015: €-3.71M▼ -4.4% vs 2014lowest in 5 years
2011 → 2015
Total assets
€159k▼ 69.8%
2014 · €526k
2011: €4.05M
2012: €4.29M▲ +5.8% vs 2011highest in 5 years
2013: €926k▼ -78.4% vs 2012
2014: €526k▼ -43.2% vs 2013
2015: €159k▼ -69.8% vs 2014lowest in 5 years
2011 → 2015
Net result
€-158k▲ 51.7%
2014 · €-326k
2011: €16khighest in 5 years
2012: €1k▼ -92.0% vs 2011
2013: €-3.40M▼ -268806% vs 2012lowest in 5 years
2014: €-326k▲ +90.4% vs 2013
2015: €-158k▲ +51.7% vs 2014
2011 → 2015
Working capital
€-1.03M▼ 7.0%
2014 · €-965k
2011: €2.83M
2012: €3.67M▲ +29.8% vs 2011highest in 5 years
2013: €-650k▼ -118% vs 2012
2014: €-965k▼ -48.5% vs 2013
2015: €-1.03M▼ -7.0% vs 2014lowest in 5 years
2011 → 2015
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20112012201320142015Trend
Equity€170k-€171k▲ 0.7%€-3.23M€-3.55M▼ 10.1%€-3.71M▼ 4.4%
2011: €170k
2012: €171k▲ +0.7% vs 2011highest in 5 years
2013: €-3.23M▼ -1987% vs 2012
2014: €-3.55M▼ -10.1% vs 2013
2015: €-3.71M▼ -4.4% vs 2014lowest in 5 years
Operating result€149k-€46k▼ 69.2%€-2.82M€-233k▲ 91.7%€-34k▲ 85.5%
2011: €149khighest in 5 years
2012: €46k▼ -69.2% vs 2011
2013: €-2.82M▼ -6259% vs 2012lowest in 5 years
2014: €-233k▲ +91.7% vs 2013
2015: €-34k▲ +85.5% vs 2014
Net result€16k-€1k▼ 92.0%€-3.40M€-326k▲ 90.4%€-158k▲ 51.7%
2011: €16khighest in 5 years
2012: €1k▼ -92.0% vs 2011
2013: €-3.40M▼ -268806% vs 2012lowest in 5 years
2014: €-326k▲ +90.4% vs 2013
2015: €-158k▲ +51.7% vs 2014
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €34k in 2015 against €233k in 2014; the loss shrinks.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €159k
Fixed assets
€370 ▼ 99.9%
Current assets
€159k ▼ 13.7%
Key figures and ratios
Current ratio
0.13▼
2014 · 0.16
Quick ratio
0.02▲
2014 · 0.02
Debt to equity
-0.72▲
2014 · -0.82
ROA
-99.1%▼
2014 · -62.0%
Debt
€3.87M▼
2014 · €4.08M
Debt ≤ 1 year
€1.19M▲
2014 · €1.15M
Debt > 1 year
€2.68M▼
2014 · €2.93M
Income taxes
€1k▲
2014 · €0
A ratio outside any meaningful range has been withheld (balance sheet total €159k, equity €-3.71M).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2015 against 2014 · 25 lines
Balance sheet
Code20142015
Assets
Total assets20/58€526k€159k▼
Fixed assets21/28€342k€370▼
Tangible fixed assets22/27€342k-
Financial fixed assets28€370€370=
Current assets29/58€184k€159k▼
Stocks and contracts in progress3€162k€130k▼
Amounts receivable within one year40/41€21k€19k▼
Cash at bank and in hand54/58€519€10k▲
Equity and liabilities
Total equity and liabilities10/49€526k€159k▼
Equity10/15€-3.55M€-3.71M▼
Contributions10/11€272k€272k=
Profit (loss) carried forward14€-3.82M€-3.98M▼
Amounts payable17/49€4.08M€3.87M▼
Amounts payable after more than one year17€2.93M€2.68M▼
Amounts payable within one year42/48€1.15M€1.19M▲
Trade debts44€80k€54k▼
Income statement
Code20142015
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k-
Gross operating margin9900€-207k€-33k▲
Operating profit (loss)9901€-233k€-34k▲
Recurring financial income75€1k€2k▲
Recurring financial charges65€121k€76k▼
Profit (loss) for the period before taxes9903€-326k€-156k▲
Income taxes67/77€0€1k▲
Profit (loss) for the period9904€-326k€-158k▲
Profit (loss) for the period to be appropriated9905€-326k€-158k▲
Accounts by statement
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €49k | €33k | €16k | - | - |
| Gross operating margin9900 | €178k | €123k | €-2.45M | €-207k | €-33k | ▲ 83.8% |
| Operating profit (loss)9901 | €149k | €46k | €-2.82M | €-233k | €-34k | ▲ 85.5% |
| Recurring financial income75 | €19k | €29k | €40k | €1k | €2k | ▲ 69.8% |
| Recurring financial charges65 | €158k | €83k | €599k | €121k | €76k | ▼ 37.3% |
| Profit (loss) for the period before taxes9903 | €16k | €1k | €-3.39M | €-326k | €-156k | ▲ 52.1% |
| Income taxes67/77 | €1 | €0 | €6k | €0 | €1k | ▲ 13,448,900% |
| Profit (loss) for the period9904 | €16k | €1k | €-3.40M | €-326k | €-158k | ▲ 51.7% |
| Profit (loss) for the period to be appropriated9905 | €16k | €1k | €-3.40M | €-326k | €-158k | ▲ 51.7% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.05M | €4.29M | €926k | €526k | €159k | ▼ 69.8% |
| Fixed assets21/28 | €405k | €459k | €400k | €342k | €370 | ▼ 99.9% |
| Tangible fixed assets22/27 | €405k | €459k | €399k | €342k | - | - |
| Financial fixed assets28 | - | €370 | €370 | €370 | €370 | = |
| Current assets29/58 | €3.65M | €3.83M | €527k | €184k | €159k | ▼ 13.7% |
| Stocks and contracts in progress3 | €1.58M | €1.52M | €503k | €162k | €130k | ▼ 19.7% |
| Amounts receivable within one year40/41 | €1.67M | €1.72M | €17k | €21k | €19k | ▼ 13.1% |
| Current investments50/53 | €11k | €9k | - | - | - | - |
| Cash at bank and in hand54/58 | - | - | €6k | €519 | €10k | ▲ 1,827% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.05M | €4.29M | €926k | €526k | €159k | ▼ 69.8% |
| Equity10/15 | €170k | €171k | €-3.23M | €-3.55M | €-3.71M | ▼ 4.4% |
| Contributions10/11 | €272k | €272k | €272k | €272k | €272k | = |
| Profit (loss) carried forward14 | €-102k | €-101k | €-3.50M | €-3.82M | €-3.98M | ▼ 4.1% |
| Amounts payable17/49 | €3.88M | €4.12M | €4.15M | €4.08M | €3.87M | ▼ 5.1% |
| Amounts payable after more than one year17 | €3.06M | €3.96M | €2.97M | €2.93M | €2.68M | ▼ 8.6% |
| Amounts payable within one year42/48 | €820k | €155k | €1.18M | €1.15M | €1.19M | ▲ 3.7% |
| Trade debts44 | €47k | €90k | €82k | €80k | €54k | ▼ 32.9% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €1k | €-3.40M | €-326k | €-158k | ▲ 51.7% |
| + Depreciation and write-downs630 | €24k | €49k | €33k | €16k | - | - |
| Operating cash flow (approximation) | €40k | €50k | €-3.36M | €-310k | €-158k | ▲ 49.2% |
| Investment in fixed assets (approximation) | - | €-104k | €27k | €42k | €342k | ▲ 717% |
| Change in cash | - | - | - | €-6k | €9k | ▲ 268% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2015
26-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
26-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 179 days late
26-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 544 days late
2013
30-09
Financial
Weakest financial yearnet €-3.40M
Net result drops to €-3.40M, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
30-09
Financial
Liquidity times 6current ratio 24.72
Current ratio from 4.45 to 24.72; short-term debt falls from €820k to €155k.
06-04
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
08-04
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
29-03
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
30-04
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 2 establishment units since 2007
Ground area
449 m²
Building footprint
196 m²
Volume, LiDAR
1,939 m³
2 parcels, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
EM Advertising / Exlusive Motorbikes / Exclusive Cars / EM
since 20072.160.767.842
EM Advertising / Exclusive Motorbikes / Exclusive Cars / EM
since 20102.186.277.951
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003A0185/00K000 | Flanders | 410 m² | 1 · 177 m² | 14.7 m · 4 fl. |
| 11602E0039/00G003 | Flanders | 39 m² | 1 · 19 m² | 3.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,128 companies in sector 46711 we hold annual accounts for 1,127. 758 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-03-2007
Fiscal year end30-09
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
33150Repair, maintenance and installation of machinery and equipment
46712Wholesale trade
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47559Retail sale of other household articles
77110Renting and leasing of cars and light motor vehicles
Scores and ratios are computed by Checked and are not a credit decision.